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Student Finance and Financial Aid New Student Orientation.

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Presentation on theme: "Student Finance and Financial Aid New Student Orientation."— Presentation transcript:

1 Student Finance and Financial Aid New Student Orientation

2 2 WELCOME TO NLU! The most up-to-date breakdown of NLU tuition and fees is posted onlineNLU tuition and fees More than 75 percent of NLU students receive some form of financial aid and others participate in one of our flexible payment plansflexible payment plans The Office of Student Finance is here to help you make your education more affordableOffice of Student Finance

3 3 PAYMENT OPTIONS Choose a payment planpayment plan Indicate your selection on the NLU Promissory NoteNLU Promissory Note Options include: –Term-by-term tuition payment plan –Deferred tuition payment plan –Financial aid –Direct billing to employer –Tuition reimbursement –Veterans benefits –NLU partnership discounts and scholarships Submit the Promissory Note to your Enrollment or Academic Advisor

4 4 VETERANS BENEFITS If you are a Veteran or entitled to Veterans benefits, contact the Department of Veterans Affairs at for further assistance For more information about using your benefits at NLU please visit our Veterans Benefits Web pageVeterans Benefits Web page

5 5 YOU MAY BE ELIGIBLE FOR DISCOUNTS OR SCHOLARSHIPS IF YOU WORK FOR ONE OF OUR PARTNERS: Society of Human Resource Management El Valor McDonalds Building Owners and Managers Association Building Owners and Management Institute St. Francis School of Radiography North Shore University Health System United Parcel Service Walmart Northrop Grumman National Latino Education Institute Resurrection Health Care Lurie Childrens Hospital of Chicago Centegra Health System Community College onsite program

6 6 IF YOU WORK FOR ONE OF THESE COMPANIES, YOU MAY BE ELIGIBLE FOR BENEFITS THROUGH THE CAEL/EDLINK TUITION PROGRAM: JP Morgan Exelon ABN/Amro Abbott Labs Starbucks Prudential Financial John Hancock Verizon Wireless If you qualify, sign the NLU Promissory Note and indicate your intention to use financial aid as a means of paying for your NLU education.NLU Promissory Note

7 7 APPLYING FOR FINANCIAL AID You must be admitted to NLU to receive financial aid (exceptions may include nondegree programs which do not require admission) Complete the Free Application for Federal Student Aid (FAFSA) using NLU school code Free Application for Federal Student Aid (FAFSA) Complete verification (if applicable) Review the financial aid award letter sent to your NLU account Note: You must be registered for classes to receive financial aid

8 8 UNDERGRADUATE FINANCIAL AID NLU scholarships Donor and outside scholarships Federal and state grants Student loans Federal work study (limited availability, contact us)Federal work study contact us Teach grant (NCE only)Teach grant Undergraduate awards may include NLU scholarships, Pell and SEOG Grants, MAP Grants, Federal Stafford and Parent PLUS student loans and outside scholarships.

9 9 GRADUATE FINANCIAL AID Donor and outside scholarships Student loans Federal work study (limited availability, contact us)Federal work study contact us Graduate assistantships (limited availability, contact us)Graduate assistantshipscontact us NLU scholarships (NCE students only)NLU scholarships Teach grant (NCE students only)Teach grant Graduate awards may include Federal Stafford and Graduate PLUS student loans.

10 10 IF SELECTED, YOU MUST COMPLETE VERIFICATION BEFORE RECEIVING YOUR AWARD LETTER Not Selected for VerificationAfter you are admitted and registered you will receive a financial aid award letter indicating the amount and type of financial aid you are eligible to receive Selected for VerificationYou will receive a tracking letter. You will need to provide the required information before you will receive your financial aid award letter.

11 11 ACCEPTING LOANS Financial aid disbursements occur beginning in the second week of the term First-time borrowers must sign a Federal Direct Student Loan promissory note and complete an entrance interview A loan acceptance form will be included in your financial aid award letter

12 12 BOOK ADVANCES If you receive financial aid, you can request a book advance Use the online form to request a voucher/advanceonline form You can request an advance up to three weeks before the term starts Advances can be used to rent textbooks, purchase new or used textbooks, or purchase e-books Be sure to visit the NLU Virtual BookstoreNLU Virtual Bookstore

13 13 FINANCIAL AID REFUNDS Refunds occur upon disbursement of financial aid providing there is a credit balance Refunds are available for pick up or to be mailed Refund checks will be mailed to the address on file unless you fill out a Refund Pick-Up Request FormRefund Pick-Up Request Form

14 14 OTHER HELPFUL TOOLS Online course catalog Transcript ordering Degree evaluation (CAPP) Verification –Note: Enrollment verification is automatically reported to the National Student Clearinghouse View your grades in the portalportal

15 15 CONTACT INFORMATION Student Finance –888-NLU-TODAY option 3 Office of Admissions and Records –888-NLU-TODAY option 6

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